How does a ‘Deposit Loan’ work for First Home Buyers?
19/02/25
How does a ‘Deposit Loan’ work for First Home Buyers?
A 'Deposit Loan' is your path to homeownership without saving the deposit.
It's perfect for people who are on good incomes but can't afford to save a chunky deposit, most often because they are paying rent!
They end up missing out on getting onto the property ladder while prices continue to rise...
You get the property you want, sooner.
And you avoid paying ridiculous Lender's Mortgage Insurance (LMI).
Plus, there are other benefits like getting complimentary access to a Buyer's Agent, increased loan size limit and up to four building and pest or strata reports - all for free.
If this sounds like something that may suit you, or you'd like to understand how the numbers could work for you -
I'd encourage you to get in touch!
You can call me on my number below, or you can email me for more information.
Contact Details
Get in touch for a no-obligation review of your situation & to check eligibility for a deposit loan. Please feel free to get in touch with me using whichever method you prefer:
Kath Hack Principal Broker
kath@mymortgagehacks.com.au
Call / SMS Me: 0417 601 803
